New initiative to support British nationals
Following their successful campaign to support hundreds of UK Nationals to secure the necessary residency documents, the Cyprus Residents Planning Group (CRPG) has launched its new campaign focused on providing longer-term assistance to vulnerable Brits living on the island. This latest partnership between the CRPG, the
President Nicos Anastasiades said his government is determined to tackle corruption and promote transparency and accountability during a meeting with OSCE Parliamentary
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Following their successful campaign to support hundreds of UK Nationals to secure the necessary residency documents, the Cyprus Residents Planning Group (CRPG) has launched its new campaign focused on providing longer-term assistance
Read MorePresident Nicos Anastasiades said his government is determined to tackle corruption and promote transparency and accountability during a meeting with OSCE Parliamentary
Parents and teacher unions are concerned over a spike in incidents of violence and bullying at Cyprus schools, calling on authorities to
Turkish Cypriots are angry over the latest financial protocol signed by authorities in the Turkish occupied north and Ankara, with trade unions
Business
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AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new, more rationalised organisational structure and focused business efforts.
Read MoreCyprus’ banking system is facing disruption after Hellenic bank staff announced they would stage a 24-hour warning strike next week over redundancies.
The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources
Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices
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The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed
MoreWithout COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand National. After spending a truckload in state support to keep
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Cypriot motorists are in for a financial jolt as petrol station owners warn that pump prices will hit €2 per litre as consumer groups scream profiteering. In comments to Astra Radio, the
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Without COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand
It is sad that with the next presidential elections nine months away, what used to be a pro-business administration, aiming to boost
There is a protracted impasse on the Cyprus problem. As a result, we are faced with the worst situation since the invasion,
Strange as it may seem, the sufficient amount of water impacts the demand and prices of real estate, especially from foreigners who
During the past 24 months, the Bases have worked in close partnership with the Republic of Cyprus on many fronts, not least
Energy
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A big-budget increase for grant schemes to encourage thermal roof insulation and installation of photovoltaic systems in homes built before 2017 was announced by the Energy Ministry. The available budget for 2022-2023 is expected to exceed €20 mln and has been secured through the
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No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told
Cypriot motorists are in for a financial jolt as petrol station owners warn that pump prices will hit €2 per litre as
The Italian-French consortium Eni-Total has commenced new exploratory drilling for natural gas at Cronos-1 within Block 6 of Cyprus’ exclusive economic zone,
World
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Moody’s has lowered global growth projections for 2022 and 2023 as Russia’s invasion of Ukraine and pandemic lockdowns in China add to
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By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June
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Ukrainian authorities have informed Cyprus about their seizure of $420 mln worth of shares and securities linked to the island, which belong
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By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting
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Maritime
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The value of fleet management data analysis and digital technology to improve vessel operations is ever more important as the maritime sector faces challenges requiring new processes and tools, an IT expert told the Cyprus Marine Club. “We understand maritime
Read MoreCypriots are jumping at the chance to travel to Greece by ferry this summer, after the revival of the link after two
A new era beckons for Larnaca as the town witnesses the return of cruise ships as new operators prepare to welcome the
President Nicos Anastasiades said he could not be prouder of Cyprus shipping’s contribution to the economy in such a challenging year, with
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Parents and teacher unions are concerned over a spike in incidents of violence and bullying at
Former Celtic manager Neil Lennon has delivered silverware in his first season in charge of Nicosia
A big-budget increase for grant schemes to encourage thermal roof insulation and installation of photovoltaic systems in
Tourism boss Savvas Perdios is confident that Cyprus will have a better season than in 2021,
Cyprus finds itself at the bottom of another ranking list compared to its fellow EU states,
